ON OUR RADAR
Here Will Rise The Country's Fintech and Blockchain Hub
Sec. Raul Lambino has big plans for the Cagayan Economic Zone Authority, among them a premier technology hub, poised to drive international investments from the Asia Pacific region.
PLDT Enterprise has fortified its partnership with the Cagayan Economic Zone Authority (CEZA), providing the latter with expansive connectivity infrastructure to attract international investors and boost local tourism.
Currently, the economic zone has opened up Port Irene for the influx of goods, such as cement, fertilizer, and construction machinery, adding to the freeport’s productivity and income.
CEZA’s biggest project, however, is the building of a $100-million financial technology center, which includes a blockchain and crypto-currency university—providing educational opportunities for Filipinos in the Cagayan region. The center will be built over a 10-year period, with the help of international and private investors.
“We want to promote the hub as a crypto-valley and blockchain center in the Asia Pacific, which is why there’s a huge demand to modernize our connectivity infrastructure,”
says CEZA administrator and CEO Sec. Raul Lambino.
CEZA has enlisted the B2B arm for fiber connectivity—further enabling ICT services for its locators.
“The Cagayan Economic Zone Authority has several infrastructure projects in the pipeline, in line with the government’s ‘Build, Build, Build’ initiative. We at PLDT Enterprise look forward to providing them with world-class connectivity services and solutions that will help transform the economic zone into a premier fintech destination in the Asia Pacific,” says First Vice President and Head of PLDT SME Nation Mitch Locsin.
Global leader in internet testing and analysis Ookla recently awarded PLDT and Smart Communications for fastest fixed and mobile network speeds respectively, for the first and second quarters of 2018.